Aggressors cannot wage total war without introducing Socialism.

Inflationism, however, is not an isolated phenomenon. It is only one piece in the total framework of politico-economic and socio-philosophical ideas of our time. Just as the sound money policy of gold standard advocates went hand in hand with liberalism, free trade, capitalism and peace, so is inflationism part and parcel of imperialism, militarism, protectionism, statism and socialism.

As the science of economics...exploded the fallacies of every brand of utopianism, it was outlawed and stigmatized as unscientific.

It is indeed one of the principal drawbacks of every kind of interventionism that it is so difficult to reverse the process.

Inflation has always been an important resource of policies of war and revolution and why we also find it in the service of socialism.

The early industrialists were for the most part men who had their origin in the same social strata from which their workers came. They lived very modestly, spent only a fraction of their earnings for their households and put the rest back into the business.

The market and its inescapable law are supreme.